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Monday, September 22, 2014

South Indian Bank appoints V G Mathew as new MD & CEO

Private lender South Indian Bank has appointed V G Mathew as its Managing Director and Chief Executive Officer for three years.

“...the Reserve Bank of India has conveyed their approval for appointment of V G Mathew as MD & CEO of the Bank for a period of three years,” the bank said in a filing to the BSE.

Mathew’s appointment will come to effect from October 1, 2014.

He was the Executive Vice President of the bank earlier.

For the quarter ended June 30, the bank had posted net profit of Rs. 126.65 crore, up from Rs. 114.84 crore over the corresponding period a year ago.

Source : The Hindu


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